Tag: #HFC

NHB Increases Surprise Inspections to Assess Housing Finance Companies’ Operations

April 1, 2025

The National Housing Bank (NHB) is ramping up surprise inspections of mortgage lenders to ensure they are operating properly, following a recent fraud case at Aviom Housing Finance, according to two officials familiar with the matter. These surprise checks are in addition to the regular annual credit reviews NHB conducts for housing finance companies (HFCs). […]

NHB Increases Surprise Inspections to Assess Housing Finance Companies’ Operationsmore

NHB Criticizes Home Financiers for Bundling Insurance Policies with Housing Loans

March 25, 2025

The National Housing Bank (NHB) has strongly criticized home financiers for engaging in the mis-selling of insurance policies tied to housing loans. The regulator has instructed housing finance companies (HFCs) to cease bundling insurance products without fully disclosing their terms and conditions to borrowers. In two separate notices dated December 10, 2024, and March 12, […]

NHB Criticizes Home Financiers for Bundling Insurance Policies with Housing Loansmore

After the RBI eliminates the CoR, Indian Bank will close down Ind Bank Housing.

October 28, 2023

CHENNAI: Following the RBI’s cancellation of the Housing Finance Company’s certificate of registration (CoR), the public sector Indian Bank would wind up its subsidiary Ind Bank Housing Ltd (HFC). Reporters in Chennai were informed on Thursday by Indian Bank MD & CEO SL Jain that Ind Bank Housing has not operated for the last 20 […]

After the RBI eliminates the CoR, Indian Bank will close down Ind Bank Housing.more

Tag: #HFC

NHB Increases Surprise Inspections to Assess Housing Finance Companies’ Operations

NHB Criticizes Home Financiers for Bundling Insurance Policies with Housing Loans

After the RBI eliminates the CoR, Indian Bank will close down Ind Bank Housing.

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